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Large Medium SmallChina Vanke Co, the country's largest property developer by market value, reached a deal with Hong Kong-based Wing Tai Properties to acquire its subsidiary company Winsor, Vanke said in a statement filed to the Shenzhen Stock Exchange.
Under the agreement, Vanke, through its wholly owned subsidiary Wkland Investments Co Ltd, will spend HK$1.079 billion ($138.7 million), or HK$5.6197 per share, to acquire the 73.91 percent stake of Winsor.
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